Phosphate Industry Economics

(May 10, 2014)

Phosphate Industry Flow Sheet

P2O5 ≥ 30% P2O5 up to 30%

Beneficiation

SSP “Single Super Phosphate” TSP “Tri-Super Phosphate” MAP “Mono-Ammonium Phosphate” DAP “Di-Ammonium Phosphate”

Egypt Production of Phosphate Rock

Egypt: Production of Phosphate Rock (Thousand metric tons)

Industrial Mineral

2006 2007 2008 2009 2010 2011 2012 2013

Phosphate Rock

2,177 3,890 5,523 6,227 4,622 3,500 6,240 6,000

30% P2O5 Content

653 1,167 1,657 1,868 1,400 1,050 1,872 1,800

Source: U.S. Geological Survey, Mineral Commodity Summaries, February 2014

Egypt: Phosphate Rock Companies in 2010 & 2011 (Thousand metric tons)

Source: Arab Fertilizers Association, 2011, p. 30 and 2012, p.33

Company Location of

Main Facilities

Design Annual

Capacity

Annual Production

(2010)

Annual Production

(2011)

Annual Export (2010)

El Nasr Mining Co. (شركة النصر للتعدين)

East Sabaiya, west Sabaiya and Qusier

4,500 2,900 4,200 2,300

Misr Phosphate Co. (شركة فوسفات مصر)

Abu Tartur 1,750 270 346 64

National Co. for Mining & Quarries (El Wataneya) (شركة الوطنية)

Aswan 600 252 205 67

Phosphate Value Added due to Downstream Processing

1. Phosphate Rock Price WW

• Rock Phosphate from Egypt - P2O5 24 to 30% 65-95 USD/Metric Ton ( FOB Price on 2014)

2. Phosphate, fertilizers Price ($/t) and Phosphoric acid ($/t P2O5)

3. SSP fertilizer forecast WW ($/T)

Destination Markets for Phosphate Fertilizers (Kton) ( Q2 on 2013)

WW Reserves and Production

Phosphate Reserves 2011

Egypt reserve: Over 100 MMT

Highest Reserve

Very High Reserve

No Reserve

Very Low Reserve

Low Reserve

High Reserve

World Main Producers by Country (2011)

Highest Production

Very High Production

No Production

Low Production

World Main Producers (2013) World Production: 215 MMTY

39%

16%

15%

6%

3%

3%

3%

3%

2% 2% 1%

1% 1% 1% 1% 1% 1% 1% 1% 0%

China (75 MMTY)

USA (31 MMTY)

Morocco (29 MMTY)

Russia (12 MMTY)

Brazil (6 MMTY)

Jordon (6 MMTY)

Egypt (6 MMTY)

Tunnisia (6 MMTY)

Israel (4 MMTY)

Syria (4 MMTY)

Australia (2 MMTY)

South Africa (2 MMTY)

Peru (2 MMTY)

Algeria (2 MMTY)

Mexico (2 MMTY)

India (2 MMTY)

Canada (2 MMTY)

Senegal (2 MMTY)

Togo (2 MMTY)

Iraq (1 MMTY)

Arab Production: 43.35 MMTY

Main Producing Companies (2013/2014)

Main Producing Companies (cont’d)

Phosphate Rock Exporters MMTY (2011)

Phosphate Rock Importers (2011)

Phosphate Fertilizers Importers (2011)

Highest Importer

Very High Importer

No Import

Very Low Importer

Low Importer

High Importer

Phosphate Rock Balance (Kton) (2013/2014)

Phosphoric Acid Balance (Kton) (2013/2014)

MAP Balance (Kton) (2013/2014)

DAP Balance (Kton) (2013/2014)

Recovery of Uranium from Phosphate Rock by Dual Process

• Why extraction of Uranium from Phosphoric acid? – The rapid increase in (U3O8) prices. – The changing fundamentals in the world’s supply/demand balance.

• Dual Process: Phosphoric acid purification and Uranium extraction. – 1st step: Dissolution of P2O5 phosphate and total passage of Uranium

phosphate in the acid phase. – 2nd step: Purification of the phosphoric acid from the first step by

liquid-liquid extraction. – 3rd step: The rich Uranium extraction raffinate is treated in a mixer

settler using PRAYON process. (to get the yellow cake illustrating the recovery of Uranium element)

• With the price of the industrial phosphoric acid, purified acid, and yellow cake, an economic calculation amply justifies this operation.

Thank You

Mostafa Attya Hassan Taman